Submissions Close 03 November 2020
In accordance with Section 418 (3) of the Local Government Act 1993 (NSW), The Hills Shire Council advises that the ordinary Council meeting to be held on 27 October 2020 will include the presentation of the Audited Financial Statements and the Auditor’s Reports for the year ending 30 June 2020.
A summary of the Financial Statements is provided below.
Total income from continuing operations
320,056
296,965
Total expenses from continuing operations
146,766
150,100
Operating result from continuing operations
173,290
146,865
Net operating result for the year
Net operating result before grants and contributions provided for capital purposes
25,168
12,315
STATEMENT OF FINANCIAL POSITION
Total current assets
380,014
394,220
Total current liabilities
(62,501)
(48,060)
Total non-current assets
3,805,309
3,622,895
Total non-current liabilities
(4,999)
(4,123)
Total equity
4,117,823
3,964,932
OTHER FINANCIAL INFORMATION
Unrestricted current ratio (times)
12.71
20.55
Operating performance ratio (%)
12.14%
15.46%
Debt service cover ratio (times)
115.64
-
Rates and annual charges outstanding ratio (%)
3.83%
3.86%
Infrastructure renewals ratio (%)
95.27%
102.16%
Own source operating revenue ratio (%)
45.77%
47.89%
Cash expense cover ratio (months)
38.05
32.36
In accordance with Section 420 of the Local Government Act 1993 (NSW), any person may make a submission in writing to Council with respect to the Council’s Audited Financial Statements or the Auditor’s Reports.
Copies of the Audited Financial Statements and the Auditor’s Reports may be inspected on this page or at:
Submissions have now closed.
01 October 2020
03 November 2020